William Blair Reiterates “Outperform” Rating for Alarm.com Holdings, Inc. (ALRM)
Alarm.com Holdings, Inc. (NASDAQ:ALRM)‘s stock had its “outperform” rating reissued by equities research analysts at William Blair in a research report issued on Thursday.
A number of other research firms have also recently commented on ALRM. Imperial Capital lifted their target price on Alarm.com Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, June 15th. Credit Suisse Group reiterated an “outperform” rating and set a $46.00 target price (up from $37.00) on shares of Alarm.com Holdings in a research note on Wednesday, August 9th. Northland Securities set a $41.00 target price on Alarm.com Holdings and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reiterated a “hold” rating and set a $34.00 target price (up from $29.00) on shares of Alarm.com Holdings in a research note on Thursday, August 10th. Finally, Maxim Group lifted their target price on Alarm.com Holdings from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.11.
Alarm.com Holdings (NASDAQ ALRM) opened at 44.75 on Thursday. The stock has a 50 day moving average of $44.42 and a 200 day moving average of $44.42. Alarm.com Holdings has a 12 month low of $26.15 and a 12 month high of $45.35. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 114.45 and a beta of 1.48.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.14. The company had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $81.05 million. Alarm.com Holdings had a negative return on equity of 35.68% and a net margin of 6.50%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Equities analysts anticipate that Alarm.com Holdings will post $0.97 EPS for the current fiscal year.
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In related news, insider Jean-Paul Martin sold 39,764 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $44.56, for a total value of $1,771,883.84. Following the sale, the insider now directly owns 140,404 shares in the company, valued at approximately $6,256,402.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Hutz sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $37.02, for a total value of $129,570.00. Following the completion of the sale, the insider now owns 131,022 shares in the company, valued at $4,850,434.44. The disclosure for this sale can be found here. Insiders sold a total of 387,442 shares of company stock worth $16,531,512 over the last 90 days. 78.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in ALRM. Victory Capital Management Inc. raised its stake in Alarm.com Holdings by 40.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after acquiring an additional 1,039 shares during the period. BNP Paribas Arbitrage SA raised its stake in Alarm.com Holdings by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after acquiring an additional 2,033 shares during the period. Legal & General Group Plc raised its stake in Alarm.com Holdings by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after acquiring an additional 1,673 shares during the period. Quantbot Technologies LP bought a new stake in Alarm.com Holdings in the 1st quarter valued at about $178,000. Finally, American International Group Inc. raised its stake in Alarm.com Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock valued at $195,000 after acquiring an additional 422 shares during the period. Institutional investors and hedge funds own 84.05% of the company’s stock.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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